Why hasn’t the government released bills bigger than $100, considering the various products nowadays that go above $1000? What kind of changes will we see and what kind of impact would it have?
Edit: By government, I mean US Government. thanks for pointing the ambiguity out!
In: Economics
Canada used to have $1000 bills, but these were [discontinued in 2000](https://www.bankofcanada.ca/2000/05/bank-canada-stop-issuing-1000-note) as part of the fight against money laundering and organized crime.
As of January 1, 2021 the $1000 bill (among others) [stopped being legal tender](https://www.bankofcanada.ca/banknotes/about-legal-tender/), meaning you can no longer spend them as cash, but The Bank of Canada will continue to honour them at face value.
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